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To: jim_p who wrote (73024)9/11/2000 3:39:37 PM
From: ItsAllCyclical  Respond to of 95453
 
>> ... but I'm very surprised to hear OPEC admit it so soon. <<

They'll backtrack. It's in their best interest to continue to say they have extra capacity even if they don't. I don't know how this statement got released, but I doubt if it'll get repeated.

The only thing they have to gain by this is to start spreading the blame early.